Article: “Worse Than 2008” – American Pension Funds Report Record Losses In Q1

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“Worse Than 2008” – American Pension Funds Report Record Losses In Q1

Tyler Durden

Zero Hedge, 13 May 2020

Public pension plans lost a median 13.2% in the three months ended March 31, according to Wilshire Trust Universe Comparison Service data released Tuesday, slightly more than in the fourth quarter of 2008. March’s stock market plummet led to the biggest one-quarter drop in the 40 years the firm has been tracking.

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Comment: American Pension Funds First looted by Naked short selling Fraud and now the final blow Cover 19  Wall St hoodlum’s say Thank you for your money  Keep sending it in  We need bigger homes and Fuel for our Jets So bend over and enjoy it  Because we are not stopping

Note: State pension fund managers were bribed and otherwise influenced to turn pension funds over to hedge funds. State employees have been fucked ever since.